INPX is a blockchain play which has sizzle in the current market.  There is rumor and anticipation building around upcoming technology developments with an official announcement to be made public, soon. 

Traders consensus is to build positions in this ticker once the stock, now trading at .38, breaks above .40, as traders believe share price will take off rapidly leading up to $1/share. 

Analyst consensus is to neither buy nor sell but HOLD. Analysts are conservative claiming price target for INPX has already been exceeded, despite blockchain hype.  This is at odds with what traders are expecting will happen.

The RSI, a momentum indicator, is in agreement with Analyst consensus grading the stock in neither oversold or overbought territory, but rather, neutral territory.  Traders are balancing risk and reward by attesting to blockchain plays which are having an extraordinary run. 

Inpixon, which trades on the NASDAQ with the ticker INPX, is a data analytics company servicing retailers.  Inpixon is a nano-cap with capitalization of just $7M and a beta of 1.7 which makes it 70% more volatility than the overall market.

The rumor surrounding the upcoming news is:  Inpixon will unveil several product development improvements including their use of blockchain technology to help quarantine rogue activity from malware devices in order to mitigate the loss Inpixon's retailers sustain from fraudulent monetary transactions.  Blockchain technology has been called incorruptible, therefore its application allows for better enforcement of security measures and higher levels of compliance.

I agree with current trader consensus and my recommendation is to be LONG after .40 a share and be holding the stock Prior to its climb to $1.  When it reaches $1, sell and take partial profits of no more than half the shares on your existing share position.  Let the rest of the shares continue to ride on expected momentum of the company's impending news announcement.  Don't get greedy.  A 5,000 share LONG position at .50 will have a 100% return when the stock trades at $1 and all shares are sold.  INSTEAD of selling all shares, sell in round lots of 1000 shares.  Do not use mixed lot sell orders as these are harder to get executed.

Institutional investors and company insiders hold less than 5% of the outstanding shares, so be extra vigilant to trading volume and price action.  The CEO's name is NADIR Ali.

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FOLLOW UP Advise for INPX for January 18:

No news yesterday

Resulted in no trading volume

The stock opened strong at .51 a share and then downtrended the whole day drifting back down to .40 a share at the market close.

Perhaps the analysts are right to be conservative.

My revised recommendation for traders as of 1/18/18:

IF already LONG and you want to get out of the stock altogether, SELL, sell when a goal of .15 a share profit is met. Move one to other stocks that have better set ups and therefore, better plays.

IF you are already LONG and want to be more patient with the stock awaiting news that has yet to be unveiled, watch for a breakout above .46 and IF the stock is able to hold highs above .46 continue to give it more time with the hope that it will climb to $1.  If it continues to FLAG and especially if you see a drop below .40 Cut All Losses quickly, and sell your whole position.  

IF you have no position, WAIT for a set up where it's able to hold above .46, and look for spike in trading volume on the DAY you plan to enter.  Volume is a key indicator.

 

GUIDANCE at market close January 19:

INPX exhibiting sideways price action all day, REDUCE position by HALF in pre-market trading the hour before the market open at Monday 9:30am EST

Be prepared to SELL any remaining shares into a morning spike, if there is one, in the first hour of trading.  If no price action in the morning, do not trade mid-day, observe price action during power hour at 3pm in the last hour of trading. Make a SELL decision then.

No conviction the stock will be trading at $1 anytime soon.